Read this article and then this one.
The US Flagship Auto Makers are on their death beds. A company like GM and Ford were the pride of US for decades till Japanese started making inroads in the 80's and irrespective of what Lee Iaccoca might have said in his book about Ford and then Chrysler its now evident that the slide that started then is now reaching its culmination. US Auto companies face annihilation. All 3 of them GM, Ford and Chrysler and even though there might be talks of merger between GM and Chrysler, I feel their time has run out.
Unless the US govt bails them out they are going to go under by this time next year.
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